Investments

‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment

‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment

Policymakers must ensure the supply of conventional energy sources alongside lower carbon ones as the energy transition marches on, according to Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser. The head of the state-owned oil behemoth has been warning of the threats to global energy security posed by underinvestment in oil and natural gas. “Many…

September 21, 2022
Aramco CEO Warns Oil and Gas Industry ‘Not Investing Enough’ as Profits Surge on High Prices

Aramco CEO Warns Oil and Gas Industry ‘Not Investing Enough’ as Profits Surge on High Prices

Underinvestment in oil and natural gas supply could threaten global energy security and decarbonization efforts over the coming years, according to the CEO of Saudi Arabia’s state-owned oil behemoth.  Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser hosted a conference call to discuss the national oil company’s (NOC) record-breaking first-half results. “Oil demand is likely…

August 17, 2022
Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…

June 30, 2022
Chicago Set to Toss Fossil Fuel Companies from Investment Portfolio

Chicago Set to Toss Fossil Fuel Companies from Investment Portfolio

The Chicago City Council has voted to pull investments in fossil fuel companies, with $70 million in bonds already removed from the portfolio in the last 18 months through maturities or sales.  “When I first took office, I chose to divest from fossil fuels to protect the health of our residents, our city and our…

April 5, 2022
Asia Pacific Coal Power Investments Seen Outpacing Natural Gas into 2030s

Asia Pacific Coal Power Investments Seen Outpacing Natural Gas into 2030s

Wind, solar and natural gas have the brightest future in Asia Pacific power generation, although coal is not going anywhere soon, according to experts at Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in the current decade, with renewables accounting for over half, or $1.3 trillion…

June 23, 2021
Equinor Dominates in Renewable Investments While Other Oil Majors Face Capex Cuts

Equinor Dominates in Renewable Investments While Other Oil Majors Face Capex Cuts

Over the next five years, the world’s oil majors are expected to invest up to $17.5 billion into solar and wind energy projects, a Rystad Energy analysis projected.

June 1, 2020
Global Oil, Gas Investments Facing ‘Unparalleled Decline,’ with Shale, Tight Resource Funding Slumping Sharply

Global Oil, Gas Investments Facing ‘Unparalleled Decline,’ with Shale, Tight Resource Funding Slumping Sharply

The Covid-19 crisis, unsurprisingly, has caused global energy investments to fall more than ever, with “serious implications” for security and the transition to alternative fuels, the International Energy Agency (IEA) said Wednesday.

May 27, 2020

BlackRock to Allocate Less to Fossil Fuels, More to Sustainable Prospects

BlackRock Inc. founder and CEO Larry Fink this week said the company will shift how investments are allocated and exit stocks that “present a high sustainability-related risk,” including from some fossil fuel projects.

January 15, 2020
U.S. Spending in Upstream Onshore, Power Grid Tops Global Energy Investments

U.S. Spending in Upstream Onshore, Power Grid Tops Global Energy Investments

Global energy investments stabilized last year ending a three-year drought, with capital spending on natural gas, oil and coal surging, while expenditures stalled for energy efficiencies and renewables, according to the International Energy Agency (IEA).

May 14, 2019

Black Hills Raises Capex, Eschews More Natural Gas Utility Deals

Black Hills Corp., with operations in eight states, has increased its five-year capital investment plans to $2.8 billion to focus on consolidating multiple natural gas utilities.

May 8, 2019
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